All my shares have a sell order at $8. So my brokers can not lend them out. If everybody did the same it would help normalise the SP.
Bear in mind the fact that all the SGH shares are valued by the mkt at $292.47 Millions
Bear in mind the expectation that in the 12 months to Jnne 17 Profits before tax exceed $300million.
REDDE plc ( London AIM) profits are valued at 23 times. REDDE smaller but Very similar to SGH.
I think Redde is overcooked value wise but at 15 X it would not be.
Apply the same logic to SGH and normal would be $12.45 ( .83 X15), so what BOT or devil manipulator or dim analyst * is enabling a SP of 0.06666666666 of an SP which would be normal?
Mel
* Sorry Alex , I have been OTT in implying you are an analyst, my apologies.
SGH Price at posting:
83.0¢ Sentiment: Hold Disclosure: Held
